RATE Group | Binance Coin Rises on the Day Bitcoin Fails to Sustain above $10K
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Binance Coin Rises on the Day Bitcoin Fails to Sustain above $10K

10 Feb Binance Coin Rises on the Day Bitcoin Fails to Sustain above $10K

Posted at 15:19h in Bitcoin News by

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Even though the valuation of all the cryptocurrencies combined fell by circa $8 billion on Monday, Binance Coin (BNB) emerged as a winner.

As of 1332 UTC, the ninth-largest crypto was trading at $24.81, up 1.68 percent into the day. It nevertheless did better against bitcoin, rising 5.17 percent to 0.0025 BTC as the latter corrected to lower $9,800s a day after breaking above $10,000. Elsewhere in the market, other altcoins – barring Tron’s TRX – noted a similar price drop.

binance, cryptocurrency, bitcoin

Binance Coin surged impressively against Bitcoin on an otherwise bearish day | Source: TradingView.com, Binance

BNB’s move uphill in both the dollar- and bitcoin-denominated markets added more than $200 million to its market cap. Meanwhile, it also brought BNB’s year to date gains up by 34.13 percent, signaling an overall optimistic buying trend in the market.

‘Futures’ Saves the Day

BNB’s jump occurred despite a wider intraday bearish sentiment in the cryptocurrency market. So it appears, the move…

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